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Home  >>   Daily News  >>   Laos  News  >>   Investment  >>   Hungarian feed company invests in Laos
NEWS UPDATES 4 September 2010

Hungarian feed company invests in Laos

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Hungary's Vitafort is building three feed mix plants and other investments worth a combined US$9 million in Laos, CEO Zoltán Kulik recently said.

The biggest of the plants, built at a cost of US$2.2 million, is already operating, Kulik said. The plant has capacity to turn out an annual 4,000 tons of feed, he added.

The next plant, to cost US$1.5 million, will be inaugurated in the middle of October. Vitafort expects to inaugurate a fish farm by the end of the year and the third feed plant as well as a slaughter house by the end of March 2011.

The projects were financed with a US$8.6m assistance loan from the state of Hungary to Laos, Kulik said. The agreement on the interest-free 20-year loan, with a seven-year grace period, was reached in March, after four years of work, he added. Vitafort controls 19 percent of Hungary's feed market, selling an annual 730,000 tons.


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ASEAN INDICES
September 1, 2010
Market
Indices
Change

IDX

3,120.02
38.14
KLCI 
1,426.56 4.07
PSEi*      3,566.23 7.56
SGX 7.50
-0.02
SET 918.76
5.57
Source : Relevant bourses
Note   : 
*    31 August 2010
CURRENCY EXCHANGE
September 1,2010
Currency US$
Euro
Singapore $ 

1.32 1.68
Thai Baht * 
  31.44

39.90

Malaysia Ringgit
  3.13
3.98
Indonesia Rupiah  
  9,079.00
11,513.99
Philippines Peso
  45.31

57.46

Source:Relevant central banks
Note   : *
  31 August 2010
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   Asean Tourism Contacts
 
   

BRUNEI
Tourism Development Division
Ministry of Industry and Primary Resources
Jln. Menteri Besar, Bandar Seri Begawan, Brunei Darussalam
Tel. (673-2) 382822 Fax. (673-2) 382824
Email: bruneitourism@brunet.bn
Website: http://www.bruneitourism.travel/

CAMBODIA
Ministry of Tourism
3, Preah Monivong Blvd, Phnom Penh, Cambodia
Tel. (855-23) 213911 Fax. (855-23) 426107/217503
Email: dgpro@camnet.com.kh
Website: http://www.tourismcambodia.com/

INDONESIA
Ministry of Culture and Tourism
Jl. Medan Merdeka Barat 17, Jakarta 10110, Indonesia
Tel. (62-21)3838157 Fax. (62-21) 3849715
Website:
http://www.budpar.go.id
http://www.my-indonesia.info

LAOS
National Tourism Authority of Lao P.D.R.
Lane Xang Avenue, P.O. Box 3556, Vientiane, Lao P.D.R.
Tel. (856-21) 212248 Fax. (856-21) 212769/2127910
Website: http://www.tourismlaos.gov.la/

MALAYSIA
Ministry of Tourism
Menara Dato' Onn
Putra World Trade Center, 50480, Kuala Lumpur, Malaysia
Tel. (603) 2693 5188 Fax. (603) 269 0207/2693 0884
Email: tourism@tourism.gov.my
Website: http://www.tourism.gov.my

MYANMAR
Ministry of Hotels and Tourism
No. 77-91, Sule Pagoda Road, Yangon, Myanmar
Tel. (95-1) 285689 Fax. (95-1) 289588/254417
Email: dht.mht@myanmar.com.mm / mtt.mht@mptmail.net.mm
Website:
http://www.myanmar-tourism.com/
http://www.hotel-tourism.gov.mm
http://www.myanmar.com/Ministry/Hotel-Tour
http://www.myanmars.net/mtt
http://www.myanmartourismboard.com/

PHILIPPINES
Department of Tourism
DOT Building, T.M. Kalaw Street, Agrifina Circle, Rizal Park
Manila 10004, Philippines
Tel. (632) 523 8411 Fax. (632) 521 7374
Email: deptour@info.com.ph
Website: http://www.wowphilippines.com.ph/

SINGAPORE
Singapore Tourism Board
Tourism Court, 1 Orchard Spring Lane, Singapore 247729
Tel. (65) 736 6622 Fax. (65) 736 9423
Email: stb_sog@stb.gov.sg
Website: http://www.visitsingapore.com/

THAILAND
Tourism Authority of Thailand
1600 New Phetchaburi Road
Makkasan, Ratchathewi, Bangkok 10400, Thailand
Tel. (662) 250 5500 begin_of_the_skype_highlighting              (662) 250 5500      end_of_the_skype_highlighting Fax. (662) 253 7437
Email: center@tat.or.th
Website: http://www.tourismthailand.org

VIETNAM
Vietnam National Administration of Tourism
80 Quan Su Street, Hanoi, Viet Nam
Tel. (84-4) 822 8744 Fax. (84-4) 942 4115
Email: binhvnat@hn.vnn.vn
Website: http://www.vietnamtourism.com

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